Sensient Technologies Corporation (SXT) Shares Sold by Daruma Capital Management LLC

Daruma Capital Management LLC lowered its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,958 shares of the specialty chemicals company’s stock after selling 894 shares during the period. Daruma Capital Management LLC owned 0.09% of Sensient Technologies Corporation worth $3,137,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SXT. Tower Research Capital LLC TRC increased its stake in shares of Sensient Technologies Corporation by 5,636.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock worth $136,000 after purchasing an additional 1,691 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sensient Technologies Corporation by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 139 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Sensient Technologies Corporation by 118.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 1,400 shares during the last quarter. World Asset Management Inc increased its stake in shares of Sensient Technologies Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 30 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Sensient Technologies Corporation during the 1st quarter worth approximately $235,000. Institutional investors own 88.96% of the company’s stock.

SXT has been the subject of several research analyst reports. BidaskClub lowered shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. KeyCorp restated a “buy” rating and set a $90.00 price target on shares of Sensient Technologies Corporation in a research note on Thursday, August 24th. Berenberg Bank initiated coverage on shares of Sensient Technologies Corporation in a research note on Friday, September 22nd. They set a “buy” rating and a $88.30 price target for the company. Finally, Zacks Investment Research lowered shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

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In other Sensient Technologies Corporation news, Director Joseph Carleone bought 1,000 shares of Sensient Technologies Corporation stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $75.32 per share, with a total value of $75,320.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is currently owned by corporate insiders.

Shares of Sensient Technologies Corporation (NYSE:SXT) traded up 0.01% during midday trading on Friday, hitting $78.25. 116,992 shares of the stock traded hands. The firm has a market capitalization of $3.43 billion, a PE ratio of 31.51 and a beta of 1.09. The company’s 50-day moving average is $74.55 and its 200 day moving average is $78.34. Sensient Technologies Corporation has a 52 week low of $68.51 and a 52 week high of $84.98.

Sensient Technologies Corporation (NYSE:SXT) last announced its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.87. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. The business had revenue of $338.48 million during the quarter. Analysts anticipate that Sensient Technologies Corporation will post $3.42 earnings per share for the current year.

About Sensient Technologies Corporation

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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Institutional Ownership by Quarter for Sensient Technologies Corporation (NYSE:SXT)

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